FaceCash, launched by one of the Facebook founders, is a new way to give a payment gateway for merchants. FaceCash is a mobile application for smartphones that operates like a prepaid debit or cash card. The security of the payment process is that the device shows the face of the purchaser on the merchant’s monitor to ensure that the correct face is using their mobile device.
FaceCash can be implemented by any retailer that has the usual barcode scanning abilities. You would pay by opening up your mobile device and showing your personal barcode, from which the retailer would scan the code, check against the photograph that will get displayed to them and then complete the transaction.
For businesses, FaceCash charges a flat 1.5% transaction fee. FaceCash also retains more information about purchases–such as SKU numbers, quantities, promotions, and other metadata. It integrates directly with the ThinkLink web-based accounting network, so you can manage your company’s finances all in one place.
-Available on the App Store
– Available on the Android Market
-Get it at BlackBerry App World
